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Technical analysis for the EUR/USD, the pair broke, and retest the break above 1.1990, closed the weekly and the daily chart above the previous weekly high at 1.2150, a signal for further upside potential. The first target of this bullish breakout is at the previous daily high at 1.2243, the second target is at the previous weekly high at 1.2350, the third target is the 100% FIB extension at 1.2435, and the fourth target is at 1.272 FIB extension at 1.2555.
On the other hand, if the EUR/USD pair break below the key support at 1.1990-1.1980, it will invalidate the bullish view and send the price lower.
Daily chart:
Weekly chart:
